Tritax raises £400m from US private placement

Money £50 notes

Tritax Big Box REIT has signed up a number of new institutional investors for a private placement in the US of £400m new senior unsecured loan notes.

The loan notes are comprised two tranches - £250m at a fixed coupon of 2.86% and £150m at a fixed coupon of 2.98% - with a weighted average coupon of the fixed rate notes equating to 2.91% and a weighted average maturity of 9.8 years. 

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